Too Expensive? Whole of Life Insurance Explored

Is whole of life insurance too expensive, or can it be a valuable part of financial and inheritance tax planning in the UK? Pete Matthew is joined by Justin Harper, Chief Marketing Officer at LifeSearch, to explain how whole of life cover differs from term life insurance, how premiums are calculated and whether they can be guaranteed for life. They explore later-life uses, funeral costs, inheritance tax liabilities, policy reviews, surrender values and the risk of paying more in premiums than the eventual payout. You’ll also learn when an alternative may be more suitable and how to decide whether whole of life insurance is right for you.